One principle I’ve decided to follow in documenting this journey is Ray Dalio’s radical transparency. To be honest, radical transparency may not be such a good idea for many organizations or businesses. For trading and investing, however, it is a very interest model that can root out, if not all, majority of the human weaknesses, from affecting the performance. But I am not doing this just for performance sake. I am doing it for other reasons too.
What Do I Plan to Make Transparent
I have just arranged with Striker Securities to allow automated trading on one of my trading strategies on restricted number of contracts. And I am signing up with them as the first person to trade it. This will allow me to fully disclose the trading results without affecting my privacy in other areas of my private life. There will also be the third party witness, namely Striker, that can track the overall results of my trading strategies traded through them.
So there is nowhere to hide. I will report the results here regularly. I will be held accountable for what the strategies do in the future.
It will be a really interesting experience as I never need to answer to anyone else in public about my trading results.
What I see is that this process will help me discover better ways to trade even faster because of the accountability I put onto myself.
Many traders choose to trade discretionarily because there is really no other alternatives offered to them.
And they are being put into a path of self-destruction without knowing about it.
By putting myself out there, showing them that there is a way to make trading work for them, I hope I can inspire many aspiring traders to sit down and think about their trading seriously. Maybe there is a better way to learn to trade. Maybe it is time for them to look at trading from a different angle.
My point is simple. It is really not necessary to go through the brutal mental and physical challenges to make trading working for you.
Ever since I “came out” to write about trading many years ago, I was and still am being trashed by trolls and enemies I made in the industry over the years. They could not argue with what I wrote because what I presented to the world has been undeniable evidence on how the markets function. So, they thought they are so clever to go for personal attacks. Little did they know that my experience in trading and every part of the industry is something beyond their wildest imagination.
This time, I am going to take this to their doorstep.
Would they dare to do what I am doing here?